There are 2 ways to accept payments in foreign currencies:
-
with a credit card contract in euros
When the gateway receives the amount in a currency not managed by your MIDs, it makes a conversion to the company’s currency based on the daily exchange rate provided by Visa.
- The authorization request is sent in the currency of the contract to the card issuer.
- The capture is performed exclusively in the currency of the contract.
- The buyer is debited in the contract currency, with exchange fees applied by their bank, without managing the exchange rate.
-
with a DCC contract.
Planet Payment allows Visa and Mastercard cardholders from abroad to pay in their own currency (via the DCC network) or in euros (via your credit card contract).
The merchant is credited in euros, and a portion of the conversion fee is refunded to them.
Requires signing a contract with Planet Payment.